News Topic: Hedge Funds
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Voyager opts to settle CEO negligence claims tied to Three Arrows loans
JPMorgan, Goldman exploited ‘loophole’ in Russia sanctions: Lawmakers
Will floundering FSOC gain more relevance under Yellen?
SEC to brief lawmakers on Archegos meltdown
Yellen's priorities at FSOC: Climate risk, hedge funds, bond market
Yellen balks at calling asset managers systemically risky
Treasury Secretary Janet Yellen said she prefers to have the Financial Stability Oversight Council flag hazardous activities by nonbanks rather than subject specific firms to heightened supervision. ]] ... Read full article
Will banks be pulled into GameStop uproar?
Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions. ... Read full article
Fed to propose 'covered funds' revamp in Volcker Rule
Regulators already finalized a rollback of the proprietary trading ban section of the rule but signaled then that their overhaul was not finished. ... Read full article
Regulators aren’t done rolling back Volcker Rule
The agencies handed banks a significant victory when they finalized revisions to the Dodd-Frank proprietary trading ban, but officials also plan to re-propose changes to the “covered funds” section of the rule. ... Read full article
The $40 billion gift that Wall Street doesn't deserve
Attempts to roll back a safeguard on derivatives would give megabanks a $40 billion windfall, putting taxpayers on the hook. ... Read full article
Startup Anchorage invades cryptocustody turf coveted by banks
The company protects digital assets with hardware-based security, biometrics and quorums. Hedge funds are already signing on. ... Read full article
Can crowdsourcing mitigate a dearth of data scientists for banks?
Data scientists from NASA, Google and hundreds of other places are working for financial firms in their spare time. Is this a good idea? ... Read full article
JPMorgan ETFs take off; Goldman’s scapegoat?
The funds have brought in record amounts thanks to lowered fees and more salespeople; ex-Goldman managing director says in suit he was blamed for trades. ... Read full article
Trump nominee for financial stability agency sought to eliminate it
As a House staffer, Dino Falaschetti tried to repeal Treasury’s Office of Financial Research. He should not be put in charge of it. ... Read full article
Credit Suisse settles nepotism charges; JPM broaches Brexit
The Swiss bank allegedly hired Chinese officials’ friends and relatives to win business; JPM asked “several dozen” employees to consider moving from London. ... Read full article
Meet the Wall Street veteran turning Wyoming into a crypto haven
State-level support will give the digital assets industry much needed footing, said Caitlin Long, a former managing director at Morgan Stanley. ... Read full article
Crypto exchanges welcome regulators as they woo institutional clients
As they cement major partnerships, launch overseas operations and court banks and other institutional investors, top cryptocurrency exchanges now see regulatory approval as a competitive advantage. ... Read full article
Is it time for bankers to rethink bitcoin?
Dizzying trading in bitcoin fed the bubble argument, but now that Nasdaq is the third Wall Street player to say it is designing a financial instrument around it, banks may be forced to reassess cryptocurrencies. ... Read full article
Mnuchin shows no interest in continuing FSOC’s hedge fund inquiry
The lack of progress by the Trump administration with an examination of hedge fund risks is particularly troubling in light of key Trump backers’ ties to the hedge fund industry. ... Read full article
